Reuters: Yamazaki says Japanese authorities likely to intervene if JPY falls below 152 ...Middle East

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Reuters: Yamazaki says Japanese authorities likely to intervene if JPY falls below 152
Reuters is reporting:Japanese authorities are likely to intervene in the currency market if the yen falls well below 152 per dollar, according to former top currency diplomat Tatsuo Yamazaki.Intervention may occur once the dollar climbs above 152 yen to prevent an accelerated rise, potentially putting authorities' credibility at risk if left unattended.Recent descriptions of yen declines as driven by "speculative moves" indicate serious contemplation by authorities on whether to intervene.Yamazaki oversaw a significant intervention campaign in 2003-2004, suggesting Tokyo likely wouldn't face significant opposition for intervening to support the yen, as it wouldn't unfairly benefit Japan's ex

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